Tioga State Bank to Build New Binghamton Branch

The local bank plans a new 1,500-square-foot office at the site of two acquired properties.

Updated on Oct. 29, 2026 in Banking

Modern brick and glass bank facade on an urban street corner. — Tioga State Bank is preparing to expand its footprint in Binghamton with a new branch office planned for the site of two previously acquired properties at Vestal and Pennsylvania avenues. AI Illustration. Upload story photo >

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Tioga State Bank intends to build a new 1,500-square-foot branch in Binghamton at the intersection of Vestal and Pennsylvania avenues. The project will occupy the site of a former Hess Mart and an adjacent residential lot.

Why it matters

The new office aims to expand the financial footprint of Tioga State Bank in the area. The bank president identified the specific location as a favorable site for the planned facility.

Tioga State Bank acquired the former Hess Mart property for $440,000 in 2020 and a two-family house for $185,000 in August 2025. The proposed bank office is designed to be a 1,500-square-foot facility.

The players

Tioga State Bank

This regional financial institution operates multiple branches and is currently managing land acquisition for a new location in Binghamton.

Commission on Architecture and Urban Design

This municipal board oversees urban planning and zoning applications, including the current review of demolition requests for the South Side property.

The details

The bank is currently seeking city permission to tear down a vacant residential structure on the acquired site. Plans indicate that the residential property lot will be converted into green space to sit adjacent to the new bank building.

2020: Tioga State Bank purchased the former Hess Mart property.
February 2021: The bank president expressed interest in developing the location.
August 2025: The bank purchased a two-family house to expand the site.

Market Landscape

The proposed expansion highlights a trend of regional banks investing in physical branch growth to maintain a local presence on Binghamton's South Side. This project must align with city zoning and demolition ordinances to move forward.

Residents in the South Side neighborhood may see changes to local traffic and property use once the construction phase begins. The project aims to provide new financial services to the immediate area upon its completion.

The takeaway

The project is currently pending final demolition approval from the city commission. Residents should keep an eye on municipal board agendas for future updates regarding the site development timeline.